Plugging That OTHER Hole
(the Regulatory One)
Remember the SEC’s press conference last week announcing that it had isolated the cause of the “flash crash” May 6, and unveiling a sweeping set of financial reforms designed to prevent a recurrence?
Me, neither.
That thought comes to mind as I see that the Dow Jones is already down about 250 points (so far) today.
Would-be bottom fishers don’t want to wade in just as the bottom potentially falls out (again).
